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Alyssa

05/14/13 9:27 AM

#75563 RE: PJC1 #75562

They own the company. The "plan" you're talking about is no longer in effect. The retail store was closed because it was going nowhere and losing money, which store (as it turns out) was owned by the subsidiary wholly owned by Frank Yglesias, not CAGR, and Frank is now out of the picture. Operations in China should now be much more simplified and much less costly.

We know CAGR just fulfilled an order for United Arab Emirates, where the per capita income is ridiculously high, so that could turn into something big. Jeff said they're now representing at least 20 wineries in their portfolio.